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of <h1>Section 158BI exemption omitted by Finance Act 2025; searches and requisitions before 1 September 2024 governed by other Income-tax rules</h1> Section 158BI originally provided that the Chapter would not apply where a search under section 132 or requisition under section 132A occurred after 31 May 2003; it was inserted in 2003 and later amended in 2024 to address searches/requisitions before 1 September 2024. The provision was omitted by the Finance Act, 2025 with effect from 1 September 2024, so the specific exemption in 158BI no longer stands and searches or requisitions falling before that transitional date are to be governed by the other provisions of the Income-tax Act.
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